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MiCA-compliant. Called the “grand-fathering” period, EU member states have put in place different deadlines varying from 5 months to 18 months from the entry in force of MiCA on December 30, 2024, so the exact date you need to be MiCA compliant depends on your jusridiction (see image above). Final Thought: Be proactive, not reactive Navigating the MiCA licensing process requires careful planning and execution. By focusing on these five
Disclaimer: This information is for general guidance only and does not constitute legal advice. CASPs should seek professional legal and compliance advice tailored to their specific circumstances. is substantial, but it is essential for operating within the new regulatory framework and building trust with clients. ◆ key areas – technical infrastructure, AML compliance, cybersecurity, capital reserves, and governance – CASPs can significantly enhance their chances of a successful application. The investment in time and resources
Stablecoins Some stablecoins will not meet the requirements of MiCA and firms offering services in these coins will need to delist them. Tether’s USDT is the best-known example, but the effective ban will apply to other stablecoins. Firms will need to check and delist all non-MiCA compliance stablecoins. Deadlines MiCA came into force in December 2024, but firms already operating under existing laws will be able to continue their activities until they become
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